Market Research Reports, Inc.

Market Research Reports, Inc. has announced the addition of “Global Big Data Market 2015 - 2020" research report to their website www.MarketResearchReports.com

Lewes, DE -- (SBWIRE) -- 02/02/2016 -- Global Big Data market is expected to grow at a CAGR of 36.67% representing in huge opportunities in this sector, finds a new research report launched by NOVONOUS. This growth is driven by increasing penetration of big data in various sectors, increase in analytics services and availability of affordable big data solution and services to end users.

Organizations worldwide are turning their attention to Big Data as a useful means to derive insights from the huge amount of data generated from various sources. Technologies such as NoSQL databases and MapReduce/Hadoop frameworks are at the core of the solutions heralding a paradigm shift.

This research found that high investment costs, lack of awareness and novelty have been the main threats for new entrants in the Big Data space. There are a few major players who control the entire value chain. However, many smaller players have mushroomed who provide consulting in the Analytics space. This research also found that most organizations misunderstand Big Data and it is important to educate the end users through face to face interactions.

Big Data Software segment controls the second largest market share in Global Big Data market. As per NOVONOUS estimates, Global Big Data Software market is expected to grow at a CAGR of 38% till 2020 and maintain its market share position even in 2020.

Big Data Storage segment controls the third largest market share in Global Big Data market. As per NOVONOUS estimates, Global Big Data Storage market is expected to grow at a CAGR of 55.50% till 2020 and become the leader in terms of it's market share position in 2020.

In terms of industry verticals, Big Data in Financial industry which currently controls the largest market share in terms of revenue in Global Big Data market. As per NOVONOUS estimates, Global Big Data in Financial Industry market is expected to grow at a CAGR of 35% till 2020. It is also estimated that the amount of investment done by the financial industry in big data will be about 0.02% of their total revenue by 2020.

Big Data in Manufacturing industry which currently controls the second largest market share in terms of revenue in Global Big Data market. As per NOVONOUS estimates, Global Big Data in Manufacturing Industry market is expected to grow at a CAGR of 15% till 2020. It is also estimated that the amount of investment done by the manufacturing industry in big data will be about 0.04% of their total revenue by 2020.

Big Data in Telecom Industry controls the third largest market share in terms of revenue in Global Big Data market. As per NOVONOUS estimates, Global Big Data in Telecom Industry market is expected to grow at a CAGR of 65% till 2020 and become the leader in terms of it's market share position in 2020. It is also estimated that the amount of investment done by the telecom industry in big data will be about 2.41% of their total revenue by 2020.

In terms of geographies, North America Big Data Market controls the largest market share in terms of revenue in Global Big Data market. As per NOVONOUS estimates, North America Big Data market is expected to grow at a CAGR of 35.80% till 2020 and maintain it's market leader position even in 2020.

Europe Big Data Market controls the second largest market share in terms of revenue in Global Big Data market. As per NOVONOUS estimates, Europe Big Data market is expected to grow at a CAGR of 36.50% till 2020 and maintain it's market position even in 2020.

Asia Pacific Big Data Market controls the third largest market share in terms of revenue in Global Big Data market. As per NOVONOUS estimates, Asia Pacific Big Data market is expected to register second largest growth rate of 43% till 2020 and maintain it's market position even in 2020.

As per NOVONOUS estimates, Middle East & Africa Big Data market which currently has the smallest market share in terms of revenue in Global Big Data market is expected to register fastest growth rate of 45.30% till 2020 and improved it's market position in 2020.

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About NOVONOUS
NOVONOUS helps organizations differentiate themselves, break entry barriers, track investments, develop strategies and see through corporate fog by providing business intelligence that works for their business. For more information about NOVONOUS visit: http://www.novonous.com